PTC ThingWorx Industrial Internet of Things (IIoT) Platform

PTC INC
Online
Massachusetts, USA
1985
$1BN to $5BN
97
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PTC INC USP

PTC provides the ThingWorx Industrial Internet of Things (IIoT) Platform to facilitate smart connected products and solutions to businesses throughout the world. PTC ThingWorx Industrial Internet of Things offers complete solutions to the industrial analytics market through its development tools and comprehensive functional capabilities. The ThingWorx IIoT Platform enables developers to create applications and solutions speedily compared to manual coding. It also analyses big data, and make it readable and understandable to all users in real time. In addition, it empowers users to forestall the future, reduce the risk, and provide greater values to its customers, in a timely manner, with less cost. Request PTC INC Pricing to get more information.

Summary

PTC ThingWorx Industrial Internet of Things provides Augmented Reality (AR) with the insight of IoT, to leverage advanced services to the enterprise. The ThingWorx Studio provides IIoT with a powerful transformative toolset to deliver remarkable IIoT experiences. Further, ThingWorx leverages industrial connectivity through Kepware. It facilitates the communication platform for device-to-cloud solution, which helps in improving operational efficiency through applications, such as energy monitoring, preventative maintenance, product lifecycle insights, and global production tracking.

360 Quadrants

Strengths and Weaknesses
  • +5 Customer Analytics
  • +6 Financial Analytics
  • +14 Marketing Analytics
  • +12 Operational Analytics
  • +13 Risk Analytics
  • +7 Workforce Analytics
  • +8 Data Discovery
  • +14 Data Governance
  • +10 Data Integration
  • +5 Data Lineage
  • +6 Data Orchestration
  • +11 Data Quality
  • +12 Data Security
  • +9 Data Transformation
  • +7 Data Visualization
  • +13 Metadata Management
  • +8 Other Features
  • +10 Directly
  • +10 Remote Support
  • +5 Consulting Services
  • -12 Customer Support
  • -13 Sales Support
  • -12 Support Services
  • -10 Application Developers
  • -11 Business Analysts
  • -12 Consultants
  • -9 Data Scientists
  • -14 On-Premise
  • -13 Other End Users
  • -12 Product Features and Functionality
  • -14 Self-service Capabilities
  • -12 Product Differentiation Feature
  • -10 Product Offerings
  • -5 Support and Services
  • -13 Level of Support Services
  • -5 Customer Redressal Mechanism/Program
  • -8 Other Cases
  • -9 On-Site Support
  • -11 Through Partners / Third-Party Vendors
  • -9 Per User Basis
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PTC INC presence in Industrial Analytics Software

PTC has been an eminent player in providing industrial analytics products throughout the regions of Americas, Europe, Pacific Rim, and Japan. The company has been investing heavily in R&D to cater to the demands of its client base. For instance, in 2016, it spent 20.1% of its revenue on R&D. Furthermore, it has adopted organic growth strategies to expand its footprint across the world, and serve the customer needs in a better manner. For instance, in May 2017, PTC introduced a new version of IIoT technology, namely ThingWorx 8. It provides a robust IIoT technology offering to industries to enhance the IIoT value. In addition, PTC has introduced a new product after ThingWorx, namely, Kinex, a suite of role-based, IIoT applications, which can be integrated with the ThingWorx platform to bring application-supported IIoT innovations in businesses. Further, as a part of its inorganic growth strategy, PTC has acquired various companies in the last 3 years. For example, in January 2015, PTC acquired Kepware, a provider of communications connectivity to industrial automation environments through its software. The acquisition bolstered PTC’s analytics portfolio through Kepware’s communication platform, namely, KEPServerEX. It has strengthened PTC’s ThingWorx IoT technology platform.


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